AVZ Minerals Limited (ASX: AVZ or 'the Company') is pleased to provide an update on recent corporate activities in relation to its flagship project, the Manono Lithium and Tin Project ('Manono Project').

AVZ's Managing Director, Mr Nigel Ferguson, said: 'The Company is executing its strategy on all fronts to maximise shareholder value, increasing its equity share in the Manono Project to 75% and receiving Ministry of Mines written approval for its final ESIA in relation to its Mining Licence submission for the Manono Project.' 'DPEM approval of the final ESIA which is executed by the President of the Evaluation Committee for the Ministry of Mines is a highly encouraging development and signifies the DRC Government's wider support for the Manono Project.'

'All of the pending permit requirements, including the Mining Licence, Mpiana Mwanga Hydro-Electric Power Plant ('HEPP') Agreement, Collaboration Development Agreement and the proposed Manono Special Economic Zone ('MSEZ') is on track and the Company is rapidly progressing towards finalising a Bankable Feasibility Study and securing project financing, with a Final Investment Decision expected in Q4 2021.'

Contact:

Tel: +61 (0) 412 124 833

Email: admin@avzminerals.com.au

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